# Web3 is Going Just Great

> website tracking Web3

**Wikidata**: [Q112987946](https://www.wikidata.org/wiki/Q112987946)  
**Source**: https://4ort.xyz/entity/web3-is-going-just-great

## Summary
Web3 is Going Just Great is a website created by Molly White that tracks and documents failures, scams, and negative impacts within the Web3 ecosystem. It launched on December 14, 2021, and features a critical subtitle highlighting environmental and speculative concerns.

## Key Facts
- Founded by Molly White on 2021-12-14, with documentation in a February 2022 *The Verge* article.
- Hosted at https://web3isgoinggreat.com/ and available via RSS feed (https://web3isgoinggreat.com/feed.xml).
- Content licensed under Creative Commons Attribution 3.0 Unported (text) and MIT License (software).
- Subtitle: "...and is definitely not an enormous grift that's pouring lighter fluid on our already smoldering planet."
- Social media presence includes Twitter (@web3isgreat, 96K followers in July 2022), Mastodon (@web3isgreat@indieweb.social, 34.9K followers in April 2024), Instagram, Bluesky, and Threads.
- Source code available on GitHub (https://github.com/molly/web3-is-going-great) under MIT License.
- Recognized in Know Your Meme (slug: "web3-is-going-great," confirmed October 2025).

## FAQs
### Q: What is the purpose of Web3 is Going Just Great?
A: It is a critical tracking site documenting failures, scams, and environmental impacts in the Web3 space, created by Molly White to counterbalance hype.

### Q: Who created Web3 is Going Just Great?
A: Software developer Molly White launched the site on December 14, 2021, as a response to unchecked Web3 growth.

### Q: How is the project licensed?
A: Text content uses Creative Commons Attribution 3.0 Unported, while software code is licensed under MIT.

### Q: What social media platforms does it use?
A: Active on Twitter, Mastodon, Instagram, Bluesky, and Threads, with tens of thousands of followers collectively.

## Why It Matters
Web3 is Going Just Great provides critical oversight in an industry dominated by unchecked optimism. By documenting scams, financial losses, and environmental harms, it offers a reality check for users, investors, and policymakers. Its influence is evident through substantial social media engagement and mainstream media citations, making it a vital resource for balanced perspectives amid Web3's rapid expansion. The project highlights systemic risks like energy consumption and speculative fraud, informing public discourse and potentially steering reforms in decentralized technologies.

## Notable For
- Being one of the first dedicated critical trackers of Web3 failures and scams, launched in December 2021.
- Featuring a provocative, widely quoted subtitle that critiques Web3 as an environmental and speculative "grift."
- Achieving significant social media traction with 34.9+ Mastodon followers by April 2024 and 96K Twitter followers in 2022.
- Maintaining an open-source model with GitHub transparency under MIT License.
- Gaining mainstream recognition through Know Your Meme coverage and *The Verge* coverage within months of launch.

## Body
### Overview
Web3 is Going Just Great is a website created by Molly White that documents negative events within the Web3 ecosystem. It launched on 2021-12-14 and is hosted at web3isgoinggreat.com. The subtitle explicitly critiques Web3 as an "enormous grift" harming the environment.

### Technical Details
- **URL**: https://web3isgoinggreat.com/ (English language).
- **Feed**: RSS feed available at https://web3isgoinggreat.com/feed.xml (English).
- **Source Code**: Hosted on GitHub (https://github.com/molly/web3-is-going-great) under MIT License.
- **License**: Text content under Creative Commons Attribution 3.0 Unported; software under MIT.

### Social Media and Outreach
- **Twitter**: Handle @web3isgreat, created 2022-01-01; reached 96,080 followers by 2022-07-09.
- **Mastodon**: Address @web3isgreat@indieweb.social, started 2022-04-00; followers grew to 34,940 by 2024-04-11.
- **Instagram**: Handle @web3isgoinggreat (ID: 62622559555).
- **Bluesky**: Handle @web3isgoinggreat.com (DID: did:plc:ugyl6syayvsrvu5w4uxtlkz4), launched 2023-04-27.
- **Threads**: Username @web3isgoinggreat.
- **Know Your Meme**: Page titled "Web3 Is Going Great" (slug: web3-is-going-great), confirmed 2025-10-26.

### Creator and Context
- **Creator**: Molly White, a software developer and Web3 critic.
- **Main Subject**: Web3, scams, and environmental concerns.
- **Field of Work**: Web3 analysis and criticism.
- **Copyright Status**: Copyrighted work.

## References

1. [GitHub](https://github.com/molly/web3-is-going-great/blob/main/LICENSE)
2. [The Verge](https://www.theverge.com/2022/2/16/22936487/molly-white-web3-is-going-just-great)
3. [Source](https://web3isgoinggreat.com)
4. Know Your Meme